Today we will analyze the stock TaeyangMtl(1P) (004105.KS) for internet stock trading in the KS stock market,
Stock Technical indicators to notice in TaeyangMtl(1P) (004105.KS)
1- Last bullish trend was from 4,845.00 $ (4/26/2012) to 5,240.00 $ (4/27/2012) a 395.00 $ move 2- The current bearish trend started from 5,240.00 $ at 4/27/2012 and is currently trading at 5,010.00 $.
3- 004105.KS current support level is at 4,995.89 which is the 61.80 % fibonacci retracement of the last 395.00 $ move.
4- 004105.KS current resistance level is at 5,042.50 which is the 50.00 % fibonacci retracement of the last 395.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
TaeyangMtl(1P) (004105.KS) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5,240.000 and 5,280.000, and is currently resisting at 5,160.000.
TaeyangMtl(1P) (004105.KS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 5,280.000 and 5,640.000, and is currently resisting at 5,216.471.
TaeyangMtl(1P) (004105.KS) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 980.000 $ height triangle which was broken down at 5,190.000, target of the pattern is 4,210.000.

Stock Trading Conclusion:
TaeyangMtl(1P) (004105.KS) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 5,042.50, 5,064.28, 5,089.11, 5,097.86, 5,125.00, 5,146.78, 5,152.14, 5,160.00, 5,212.35, 5,216.47, 5,240.00, 5,260.00.
Stock Support levels : 4,995.89, 4,845.00, 4,737.56, 4,600.89,.